Industrial Logistics Properties Trust (NASDAQ:ILPT) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Wednesday.

According to Zacks, “Industrial Logistics Properties Trust is focused on the ownership and leasing of industrial and logistics properties primarily in the United States. The Company’s properties include Hawaii properties, Mainland properties’ leases, Hawaii properties’ leases and Mainland properties. Industrial Logistics Properties Trust is based in NEWTON, United States. “

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Other analysts have also recently issued research reports about the stock. B. Riley set a $29.00 target price on shares of Industrial Logistics Properties Trust and gave the company a “buy” rating in a report on Monday. Royal Bank of Canada restated a “buy” rating and set a $26.00 target price on shares of Industrial Logistics Properties Trust in a report on Tuesday, July 31st. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $25.33.

Shares of ILPT stock traded down $0.01 during mid-day trading on Wednesday, reaching $21.28. 328 shares of the company’s stock traded hands, compared to its average volume of 463,637. Industrial Logistics Properties Trust has a 12 month low of $17.21 and a 12 month high of $24.70. The company has a debt-to-equity ratio of 0.42, a quick ratio of 5.27 and a current ratio of 4.71.

Industrial Logistics Properties Trust (NASDAQ:ILPT) last announced its earnings results on Friday, October 26th. The company reported $0.28 EPS for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.13). Industrial Logistics Properties Trust had a net margin of 44.65% and a return on equity of 7.80%. The business had revenue of $40.43 million for the quarter, compared to the consensus estimate of $40.29 million. As a group, research analysts expect that Industrial Logistics Properties Trust will post 1.64 earnings per share for the current year.

Institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC bought a new position in Industrial Logistics Properties Trust in the 2nd quarter worth about $118,000. New York State Common Retirement Fund bought a new position in Industrial Logistics Properties Trust in the 1st quarter worth about $122,000. Royal Bank of Canada bought a new position in Industrial Logistics Properties Trust in the 1st quarter worth about $129,000. Acadian Asset Management LLC bought a new position in Industrial Logistics Properties Trust in the 3rd quarter worth about $145,000. Finally, Cubist Systematic Strategies LLC bought a new position in Industrial Logistics Properties Trust in the 1st quarter worth about $215,000. Institutional investors own 30.54% of the company’s stock.

About Industrial Logistics Properties Trust

Industrial Logistics Properties Trust is a real estate investment trust, or REIT, that owns and leases industrial and logistics properties throughout the United States. ILPT is managed by the operating subsidiary of The RMR Group Inc (Nasdaq: RMR), an alternative asset management company that is headquartered in Newton, MA.